An Auditor Has Previously Expressed a Qualified Opinion on the Financial

question 486

Multiple Choice

An auditor has previously expressed a qualified opinion on the financial statements of a prior period because of a departure from generally accepted accounting principles. The prior-period financial statements are restated in the current period to conform with generally accepted accounting principles. The auditor's updated report on the prior-period financial statements should:

• A) Express an unqualified opinion concerning the restated financial statements.
• B) Be accompanied by the original auditor's report on the prior period.
• C) Bear the same date as the original auditor's report on the prior period.
• D) Qualify the opinion concerning the restated financial statements because of a change in accounting principle.